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Car Insurance Quotes Kentucky
Car Insurance Quotes Kentucky
Decision making, in the most logical form, is nothing more than simple math. A series of pluses and minuses that when summed lead to an affirmative or negative answer to the dilemma at hand. A good example would be “why do I want to live in Kentucky? My top five reasons would be:
Our Small Towns: For me, the small towns represent the soul of Kentucky. Two of my personal favorites are Augusta and Danville. On the Ohio River, about forty miles from Cincinnati you will find the small town of Augusta. One of Kentucky’s many small-town treasures; Augusta was the childhood home of George Clooney. Traveling just under an hour south of Lexington you will find the birthplace of Kentucky. Danville was the first Capital of Kentucky. The state’s first constitution was drafted and signed here. Danville is the home of Centre College a Liberal Arts College that consistently ranks among the top fifty Colleges in the U.S. Centre has been a site for to two recent Vice Presidential debates. For me, the small towns are the soul of Kentucky.
Horses: Churchill Downs in Louisville and in Lexington, Keeneland; both rank among the top horse racing tracks in the world. Many of Kentucky’s biggest stars reside in the Bluegrass Region. Paris, Midway, Versailles, Lexington, Georgetown, Winchester and Lexington are home to the four-legged elite of Kentucky.
Basketball: There is one thing that Kentucky residents will agree on; “Basketball is King in the Bluegrass.” College basketball in Kentucky is a year-round spectacle and the rivalry between the University of Kentucky and the University of Louisville is second to none.
Bourbon: For generations Kentucky folk have been the butt of jokes, many of which have brought our intelligence into question. Look who gets the last laugh. The world has somehow figured out what Kentuckians have known for eons. For those of you just discovery Kentucky Bourbon, consider yourself lucky that we have enough to share. From Wild Turkey and Four Roses in Lawrenceburg to Bullitt Counties Jim Beam and many others scattered all across the Commonwealth, Kentucky distillers are working hard to insure that there is enough bourbon for all of us.
People: Cross the state line into Kentucky and it won’t take long for you see what truly sets our state apart. It’s us, are people. Kentuckians make Kentucky. Total strangers greeting you like a lifelong friend. Kentuckians are loving people that truly care about you. You see it, you will sense it, and if you listen, you will hear it. You will hear us ask; “How Y’all doing?” This is followed by a question mark and is not to be confused with the more rhetorical “how are you doing.” If it seems a bit dim-witted, then you need to hear it first-hand. Only then will you see the compassion behind the question, “how Y’all?” A question with purpose! A question asked with the intent to insure your well-being.
Although you may not hear them as often, there are also many reasons that make it less appealing to call Kentucky home. We pay more for our insurance than most. Don’t believe me? Take some time to get a Kentucky car insurance quote.
Why?
Car Insurance in Kentucky
Auto insurance in Kentucky is expensive when compared to most other states. In recent years people relocating to the state were quiet shocked to find that their car insurance quote in Kentucky was considerably higher than before. For an extended period of time, a Kentucky auto insurance quote would have been one of the ten most expensive states for auto insurance. Even today, Kentucky ranks in the twenty most expensive states for car insurance. Car insurance in Kentucky is more expensive than Maryland, New Jersey, New York, Florida and several other states that would seem to represent a higher risk for the auto insurance companies.
Before pointing the finger at the car insurance companies, consider the following factors that are driving the Kentucky auto insurance premiums higher:
- The number of Kentucky deaths related to auto accidents is appalling. Kentucky has the second most deaths per miles driven and is almost 150% of the national average.
- Kentucky is one of twelve states with no-fault insurance laws. Critics suggest that this form of insurance is:
- Leading to widespread car insurance fraud in Florida and as a result, many auto insurance companies are reducing their business there. Evidence points to similar issues that are leading to higher auto insurance quotes in Louisville.
- These laws were adopted to prevent abuse and discourage ambulance chasers. Unfortunately, there have been serious negative consequences that revolve around, fraud and increased medical cost without a significant reduction in lawsuits.
- New York’s no-fault auto insurance system is near the breaking point which could lead to significant changes in the near term.
- Uninsured and Underinsured Motorist represent another issue that is putting upward pressure on Kentucky car insurance quotes. Kentucky ranks in the middle of the pack among all states regards uninsured motorist. While this most likely has little if any impact on your car insurance quote Kentucky, it is highly likely that car insurance for Kentucky residents is higher due to the higher number of underinsured motorist. Who is an underinsured motorist? I am, the guy has the lowest premium auto insurance, and you. Even Warren Buffet could be considered an underinsured driver. Since awards for damages are ultimately in the hands of a judge or jury, it is possible that any of us are underinsured.
My logic is that the states with the lowest minimum mandatory auto liability coverage are the states with the greatest exposure to underinsured drivers. Only eleven states have lower state minimum auto liability coverages than Kentucky, which is my reasoning why underinsured motorist have an upward bias when it comes to car insurance for Kentucky.
At this point, my plus/minus matrix is five to one for staying put. I will keep paying a little extra for my car insurance because I love the people and the basketball. Y’all have a great day, ya hear?
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Understanding your home insurance deductibles
Deductibles with Truepoint Insurance
For many years, deductibles have been considered to be a fundamental element of the insurance contract. It is therefore vital to understand its importance when insuring your Fisherville, KY home to reap the benefit of your insurance policy.
A deductible is an amount of money the insurance holder pays towards an insured loss. Therefore, a financial obligation by the insurance holder since it forms part of the insurance contract. On many occasions, the amount you come up with as the deductible is paid before a claim.
Insurance deductibles have basics as explained below:
How to identify the amount of your deductible
On your contract, the insurance deductible is listed under the terms and conditions section which is on the declaration page of the insurance policy. As a homeowner, you will choose the deductible amount for your home and the contents. The policyholder chooses how much the deductible will be, but the insurance company sets the minimum deductible depending on the insurance policy, but regardless, the higher the deductible, the lower the cost of insurance.
How to save money with a deductible
As an insurance holder, despite the fact that you pay the premiums, you might not have claims every year. It is, for this reason, an advantage especially in instances where you pay higher deductibles or an increased amount of deductible more than the minimum since you will be able to save a good percentage on your insurance cost.
How to identify a loyalty deductible
It is important to understand the costs for each deductible on each policy. In case a policy has a waiver, and its cost is the same as policy without a waiver, then consider it as a loyalty advantage and a pleasant characteristic of the coverage you are purchasing. If there is a cost attached, then as the policyholder, it is upon you to contemplate whether it is worthwhile to pay more.
Being one of the fastest growing insurance companies in Fisherville, KY, Truepoint Insurance offers help with home insurance policies. Contact our offices to speak with an agent and to have your questions answered. We look forward to hearing from you.
Looking for a good insurance agent
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If you don’t already have one, then it’s safe to assume your answer is yes. When it comes to insurance, we all want to know that we are entrusting the right people.
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Providing Instant Insurance Quotes in Real-Time to Kentucky
Happy Mother’s Day
Mother’s Day on Biteable.
Think you don’t need renter’s insurance. Maybe you should reconsider.
Insurance agent’s sell renters insurance based on cost. It’s easier that way, as the cost for renter’s coverage is insignificant when packaged with an existing auto policy.
But cost is not the real story. Property coverages are great, but the exposure that concerns me the most is liability.
Let’s say you have $25,000 worth of personal property. If you get a renters policy and it’s covered, great. If you have fire and all the property is lost your renters policy will pay. If you don’t then you lose $25,000. With or without a renter’s policy you know what your exposure is.
But what will happen you invite your neighbor over for coffee….. We all know the McDonald’s coffee story. If you don’t have a 
renter’s policy, you will be the one on the hook. With a renter’s policy, your exposure should be covered or at least significantly mitigated.
Will attorney’s fees be covered in the event of a frivolous lawsuit? Most likely!
The bottom-line is simple. When we know the cost of a potential loss, we can better evaluate the risk-reward. Liability exposures are much more difficult to evaluate and there is no reasonable way to discern the value of an insurance policy. We live in one of the most litigious countries in the world. Don’t underestimate the value of the renter’s liability coverage. More importantly, don’t pass on a renter’s policy based on the fact that you are willing to underwrite your own property risk. By doing that you are underwriting your liability exposure too.
TruePoint Insurance offers many great options that allow renters to protective themselves from both property and liability exposures. Call us today at (502) 410-5089, or visit our website and try out our Instant Online Rater where you can access real insurance quotes in real-time whenever or where you like.
Renter’s Insurance, another reason why we are insuringky.com
Creating a logo for your business startup
Many small businesses have great logos. Unfortunately, most of them go unrecognized by their prospects.
You know your business better than anyone. So before hiring a graphic designer that has little or no connection to your business, consider the following.
- What is the purpose of a logo? Regardless of your answer, it’s critical that your end result achieves your business objective.
- Consumers are not looking for you; they are looking for your product or service. Don’t make your prospects guess, tell them or show them what you do.
- What lessons can be learned by examining the logos of successful businesses? My personal favorite is McDonald’s. What did the early McDonalds signs look like:
- over 1 million served
- the arch or arches of course
- but bolder and larger than anything else: “HAMBURGERS” AND “15¢”
- Reproducing an image in a crisp clear format will create added expense. A cool logo is great, but you want your logo everywhere, from signs to shirts.
- Keeping it simple means your logo will be seen more often.
- A simple logo can be a good thing. Proof?
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- Disney 3 Circles, the mouse
- McDonalds an M
- Apple Computer duh, an Apple
- oca-Cola 5 letters and a hyphen
- Nike A swoosh (they paid $35 for it)
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- Keep your logo simple and clearly communicate what your products or services are. More importantly, does your logo achieve your business goals and objectives?
Brad Smith is an owner of TruePoint Insurance Group in Kentucky. The agency offers risk management solutions ad much more to small business owners in Kentucky and Southern Indiana.
Do I Need Flood Insurance?
Flood insurance isn’t usually a standard part of a homeowners or renters insurance policy. While not everyone needs to buy a separate FEMA flood insurance policy; however, the worst thing you can do is wait for a rainy day before you find out if you need it.
TruePoint Insurance provides flood insurance to many in Central Kentucky. Covering much of the area between Louisville and Lexington. Some people are more prone to a flood than others and only some must have it.
We’ve heard many times in the past, “I don’t need flood insurance, I already have a homeowner’s insurance policy. Our response is always the same!
At other times we have been asked, “Does my homeowner’s policy provide flood insurance?” 
We quickly respond, “No!”
“How can you tell without looking at my policy?”
“Because flood insurance requires a separate policy.” “Always!”
1. High-Risk Areas
If you live in a high-risk area for flooding, you want to purchase a flood
insurance policy to protect your assets. You also want to if you’re at moderate risk for flooding. It’s important to discuss your risk with the insurance company, so you can determine exactly what risk you have for flooding.
2. Could be Required
Those who live in an area at a high risk for flooding may be required by the lender to have flood insurance. You should contact your lender to determine what type of coverage you need in addition to a standard homeowners insurance policy. Keep in mind, you could experience legal troubles in addition to financial ones if you’re caught without flood insurance.
3. Flooding in the Past
Even if you don’t live in an area prone to floods, if you’ve had flooding in the past, you don’t want to take any chances. It’s beneficial to have flood insurance just in case it should happen again in the future.
4. Whether You Rent or Own
It doesn’t matter whether you rent or own. You can obtain flood insurance, no matter what. The coverage is a bit different when you rent, so make sure you read the details of your policy to ensure you have all the coverage you need in the event of a flood.
Learn more about FEMA’s National Flood Insurance Program
To get a quote for flood insurance from TruePoint Insurance, call or visit either of our Kentucky offices: 1085 Eagle Lake Drive in Lawrenceburg or 6287 Taylorsville Rd in Fisherville. Or call (502) 410-5089.
Risk Transfer for Registered Investment Advisors
As an investment advisor, your clients expect you to wear many different hats. Any of which would keep you busier than a three-legged cat in a sandbox:
Psychic: You’re expected to generate returns with 20/20 foresight.
Mind Reader: Investments within the tolerances of each investor’s unique goals and constraints.
Rocket Scientist: Manage risk using the qualitative and quantitative tools available to you.
When it comes to managing investments, it is critical to engage a professional. While not always obvious at first, risk management is much more than picking stocks. Failure to engage the services of a good investment advisor may be disastrous in the end.
Risk Management for Investment Advisors
As an investment manager, you are a risk manager. But risk comes in different shades. Your business is exposed to many different risks that can and should be managed. There are various paths and options to managing your business risk. But, it’s hard to envision one without the services of a specialized insurance agent.
E&O or Professional Liability coverage is one of the first risks that advisors seek to transfer. Your risk certainly doesn’t stop there, additional applicable coverages are considerable. Find the gaps in your business risk by consulting with a qualified insurance agent.
TruePoint offers a unique understanding of your industry. We understand risk management from both the advisor and insurance side. Contact us today.
